The traditional and most common method of paying the realtor is where you pay them based on a commission calculated on a percentage of the sales price, but there is also a less common method referred to as a flat fee method where the agent is paid using an inclusive price that is predetermined before the sale is made hence avoiding unfeasible commission structure on the side of the realtor but is also advantageous to the seller as discussed in the following advantages. Read more here.
The first benefit si that you will get to pay for less hence incurring less costs when you use the flat rate method as compared to the percentage commission method, and this comes into play because you avoid some extra costs that you would incur with the latter, like paying for the agent of the buyer because you only pay for access to the MLS, which is necessary to connect you to the buyer and the best method to use when deciding the payment would be the pay per day model, which calculates the payment you owe to the agent on the number of days that your house has been listed in the MLS, meaning that a fast sale would guarantee you more savings, unlike in the other method which only considers the amount of sale you make without considering the speed.
The second benefit with this method of payment is that you will need less commitment to the agreement when you are in it because you will have the freedom to change the agent whenever you feel like they are not giving you results, they are not giving your needs the required attention, they have bad advice or when you disagree, making you free to go wherever you want, unlike is the case with the full-service agents who make you sign to certain terms and conditions that tie you to them until you sell your house. Learn more details from VerraTerra Real Estate.
Finally, the flat rate agents will offer only few services that are essential to you and in turn charge less because some of the services offered by the other agents are not essential to you and must be paid for, and they include tracking showings, scheduling the closing, placing a sign in your yard, listing your home in the MLS, marketing your home to other agents, helping your negotiate offers, guiding you through the sales contract, printing marketing brochures, working with you to determine the selling price, arranging for professional photography, arranging on inspections and negotiating repairs.
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